exciting, page-5

Hmmm. A couple of observations. Given we are ~1 month from something massively significant for this company it isn't trading that well, and that goes for BPT either which couldn't bounce at all today even with the flood of talk about shale gas plays around the world. Maybe people are focussing on the conjecture surrounding the economics (or potential non-economics) of these shale projects for the moment.... (remember though the acreage values will be the more important thing for ADE I suspect as suggested previously by thrumyeyes).....Anyway anything can happen in a month of trading !

Some things that I am trying to find answers for though..... Will the composition of the gas (methane, co2 contents) be an issue for us ? Some of the links provided today talk up the fact they have high methane and low co2 contents. So yes our well needs to flow but it also needs to flow the right stuff. There has been suggestion that the Cooper has high CO2 content but the BPT CEO doesn?t think that is an issue. This is maybe even a known factor now though as the cores would have been tested for their gas composition I would have imagined surely ?????


Also on a different note - why would someone offer 1m shares at 13 cents ? They know they aren't going to get set so why do it ? To accumulate on the bid side perhaps ? Certainly at the moment whenever it goes 12 bid someone is hitting it immediately so that smells of someone big getting out or several smaller players liquidating. It doesn't create a lot of confidence watching it trade day to day at the moment anyway! Hopefully on approach of early July we see some better price action in anticipation.

Keep the posts coming.

Thanks